 "Mentha oil prices decline 2.3% on profit-booking")
Mentha oil prices fell by 2.31% to Rs 984.30 per kg in futures trade today as speculators indulged in profit-booking amid subdued spot demand.
Besides, adequate stocks position following increased arrivals from Chandousi in Uttar Pradesh.
At the Multi Commodity Exchange, mentha oil for delivery in June fell by Rs 23.30, or 2.31%, to Rs 984.30 per kg, with a business volume of 673 lots.
The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators and weak trend at spot market on subdued demand, traders said.
Besides, adequate stocks position following increased arrivals from Chandousi in Uttar Pradesh.
At the Multi Commodity Exchange, mentha oil for delivery in June fell by Rs 23.30, or 2.31%, to Rs 984.30 per kg, with a business volume of 673 lots.
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Similarly, mentha oil prices for the July delivery drifted by Rs 21.50, or 2.13%, to Rs 986 per kg, with a business turnover of 171 lots.
The fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators and weak trend at spot market on subdued demand, traders said.